We conducted a quick student contact session (during Dec 2023) after their NISM exam was over and we brainstormed different questions, how NISM conducts the exam, and many more questions.
Prof. Sheetal Kunder: How much confident you were in the exam, please tell other students.
Student: Mam this was my first attempt and there was some fear but all the questions were concepts and if concepts are weak nothing can be solved.
There were a lot of mock test questions similar to what I practice on Prof. Sheetal Kunder Academy portal
There was one repeated question…if the chairman is the executive director so how much will be the percentage of independent directors?
But in my case, they asked if the chairman is nonexecutive director so what will be the independent %
Numerical questions were a little tough but if there was a practice it was solved in 1st attempt (maximum numerical were from book value)
Prof. Sheetal Kunder: What about the case studies?
Student: 1st case study was the same as you mentioned in the course
What I was doing…I was noting down all the questions on a paper in a chart if Mr. A is an investor and has a recommendation of a discount and what will it be its impact net profit and operating profit. In this, if someone is giving a cash discount (here neither the net profit nor the sales will increase instead the debtors will increase) the complex case study question was easily able to solved through the chart I was preparing on rough paper.
Prof. Sheetal Kunder: Reading the case study questions repeatedly, and analyzing the inferences takes time so when you write everything on a paper and prepare a chart (twice or thrice) of all the points you’ll save more time.
Prof. Sheetal Kunder: Have you attempted both the case studies?
Yes I solved both case studies (just I don’t remember the 2nd one but it was easy)
Prof. Sheetal Kunder: Does one-liners were helpful to you at the last moment?
I didn’t get time to go through those oneliners
Student: Mam I had practiced mock tests rigorously (each mock test was given more than 10 times) whichever questions was got wrong I noted (this helps in last-minute revision as well)
Prof. Sheetal Kunder: The NISM exam is very systematic and our preparation also needs to be systematic. You can completely rely on PSKA mock tests. But still, I insist on reading the 5th & 6th PDF one-liners need to have a quick go-through. Because whatever the changes taking place in the course are incorporated their. Numericals are easier than theoretical as you get full marks when your final answer is correct.
Prof. Sheetal Kunder: 2nd most asked case study is the dividend discount model and 3rd most asked is EPS & PE related with a lengthy format
These case studies NISM is inserting are somewhat the same as when I was giving my PGDM coursework (Mumbai University). So I connected that financial management is common at both places so we included that. Plus, students also suggested different questions as per their exam experience so we considered those too.
What I feel is if your numerical, concepts of chapters 8, 9 & 10 are clear, then whichever case studies may come you won’t have to face any problems.
For a noncommerce student, it takes time to understand the finance and basic terminologies. There are much more details involved in each ratio. Though students can purchase any mock test or question bank from somewhere and few finance students even get pass with this, the intention of this course is to make you highly competent in finance so you be ready for any finance problem in your professional life.
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